The two companies say merger will create a seamless operation for companies in a myriad of industries, including the recycling industry.
Total Fleet Solutions
, (TFS) a Holland, Ohio-based fleet management services company, backed by the private equity firm CI Capital Partners, has merged with San Antonio-based the Miner Corp.
, which sells facilities services to a wide range of industries. Terms of the deal were not disclosed.
According to a press release, combining the two companies will create a single company for on-site maintenance, on-call repair service, planned maintenance support and lifecycle management solutions for a broad range of assets including material handling equipment, mobile industrial equipment, doors, docks and waste management equipment.
Brent Parent, TFS founder and CEO, who will retain his title in the combined entity, says, “Miner’s service lines are complementary to the services offered by TFS. Miner’s specialties are emergency repair services and planned maintenance support for doors, docks and waste management equipment, while TFS focuses on procurement, leasing and fleet management for lift trucks. The merger brings the best of both companies to their respective customer bases.”
Phil Miner, Miner’s founder and chairman, who will be vice chairman of the combined company, says, “This combination creates a platform for growth with best-in-class services. Nearly every manufacturer, distributor and retailer today is exploring the outsourcing of non-core activities in an effort to reduce costs and improve the productivity and safety of their employees. Our combination of people and intellectual property will further enhance the suite of services we deliver to our customers throughout North America.”